A downtrend within a large bullish megaphone in green
This downtrend is in yellow and I suspect a bottom will form and breakout. Leading to further continuation within the larger bullish structure
I have tried to plot potential price action in yellow also.
Hi...! Here we are in a bullish channel situation. In addition, we are in an uptrend and we will not go against this trend and also we are above the vwap and this reinforces our bullish position. We could, however, have a continuation of this trend if and only if resistance is forcefully broken by a large green candle and followed by large green volume. On the...
Upcoming Earnings today for Barnes Group Inc (est: 0.84) a miss could see Barnes re-test the top side of the rising channel. Anywhere inside the channel would be considered bearish for the short to medium term at least.
If expectations are met or beat, low 70s would be the first target to consider.
barnes group inc daily chart review by projectsyndicate
short into strong overhead resistance at 71.50
target for bears is mirror level at 54.00
25% downside.
for bulls. look to buy later.
near mirror level1 and level2
good luck.
DS.
HI BIG PLAYERS,
in this chart I testing my Wolfe Wave Autolines indicator. Test 5
The other tests, you find on my profile.
The risk-return-ratio are here 1:7.
King regards
NXT2017
Breakout of triangle consolidation to the upside gives us a good chance to test previous highs so long as the upper triangle edge holds as support. Buying while the market tests the support gives us a nice tight risk window. I'm going long at the next open, and it won't take long to discover if the breakout is real.
Wedge pattern and an inverse head and shoulders pattern- stock in looking like it may break up. Trend reversal ? Keep an eye on it. Potential 20% gain.
possible long opportunity on B>Barnes Group Inc< , Weekly triangle for a long opportunity above $61.90 possible target at $72 or hold as long as price stays above the 13ema.
